Amerant Bancorp Inc Stock Price, News & Analysis

Amerant Bancorp Inc. (NASDAQ: AMTB) announced a cash dividend of $0.09 per share on April 19, 2023. This dividend is scheduled to be payable on May 31, 2023, to all shareholders who are on record as of May 15, 2023. As the largest community bank in Florida, Amerant Bancorp has provided financial services since 1979 and operates 23 banking centers across South Florida and Houston, Texas. The company is committed to delivering quality services to individuals and businesses, including deposit and wealth management services.

Amerant Bancorp Inc. (NASDAQ: AMTB) reported a net income of $20.2 million for Q1 2023, translating to $0.60 per diluted share, down from $22.0 million or $0.65 in Q4 2022. Total assets rose by $367.5 million, reaching $9.5 billion, with gross loans increasing by 2.8% to $7.12 billion. Deposits grew by 3.44% to $7.29 billion. However, non-performing assets rose 29.6% to $48.7 million, and the average cost of deposits increased to 1.91%. The board declared a quarterly cash dividend of $0.09 per share, payable on May 31, 2023. The company will discuss its Q1 results in an earnings conference call on April 21, 2023.

Amerant Bank has appointed Caroline Vérot Moore as the new EVP and Houston Market President, effective April 18, 2023. She brings over 20 years of corporate banking experience, having previously served as Houston Market Executive at Fifth Third Bank. Vérot Moore is tasked with overseeing various sectors, including commercial banking and specialty finance in Houston.

CEO Jerry Plush expressed confidence in her leadership abilities to enhance client service and promote growth in the Greater Houston area. Vérot Moore's background includes experience at Wells Fargo and recognition as a Global Leader of Influence. She aims to inspire more women to pursue careers in finance.

Amerant Bank has appointed Juan Esterripa as SEVP, Head of Commercial Banking, effective April 17, 2023. Esterripa, a seasoned banking professional, will oversee commercial banking, commercial real estate, syndications, specialty finance, and treasury management. His leadership aims to enhance business development and drive profitable growth for the bank. Chairman and CEO Jerry Plush expressed confidence in Esterripa's track record and expertise, which have contributed significantly to previous organizations. With a rich background at various financial institutions, Esterripa is expected to align with Amerant’s commitment to innovation and expansion, reflecting the bank’s momentum in the market.

Amerant Bancorp Inc. (NASDAQ: AMTB) has appointed Ashaki Rucker to its Board of Directors, effective April 17, 2023. Rucker, currently Senior Vice President and Head of Human Resources at NBCUniversal Telemundo Enterprises, brings extensive experience in Human Capital Management and has held senior roles in various industries, including financial services and media. Her significant contributions to Diversity, Equity & Inclusion strategies have been recognized in the media industry. Rucker expressed her eagerness to enhance stakeholder value through collaboration with the Board.

Amerant Bank has been awarded the U.S. Small Business Administration (SBA)’s 2023 Export Lender of the Year Award, recognizing its efforts in enhancing access to capital for small businesses in global markets. The bank provided over $20 million in export financing in 2022, with export loans now representing more than half of its commitments. This award highlights the bank's strategic focus on export loan programs and collaboration with local SBA offices to support exporters. The SBA emphasizes that small businesses engaged in international trade experience faster growth, higher wages, and greater economic stability.

Amerant Bancorp Inc. (NASDAQ: AMTB) announced that it will release its first quarter 2023 earnings results on April 20, 2023, after market close. Investors can access the results on the company’s investor relations website. Following the release, a conference call will be held on April 21, 2023, at 9:00 AM ET, hosted by CEO Jerry Plush and CFO Carlos Iafigliola, to discuss financial results. Amerant Bancorp has been a key player in Florida's community banking sector since 1979, operating 23 banking centers and offering deposit, credit, and wealth management services.

Amerant Bank announces the appointment of Baylor Lancaster-Samuel as Chief Investment Officer of Amerant Investments, effective March 30, 2023. With over 20 years of experience in finance, she will lead the investment research team and enhance the company’s investment strategies. Lancaster-Samuel previously served as Fixed Income Portfolio Manager at Amerant since 2021 and has a strong background in credit research at Standard & Poor’s. Her leadership is anticipated to strengthen Amerant's position in the financial industry. She holds an M.B.A. from New York University and is involved in professional organizations.